SYM FINANCIAL Corp Purchases 403 Shares of Oracle Co. (NYSE:ORCL)

SYM FINANCIAL Corp boosted its position in Oracle Co. (NYSE:ORCL) by 11.3% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,973 shares of the enterprise software provider’s stock after purchasing an additional 403 shares during the period. SYM FINANCIAL Corp’s holdings in Oracle were worth $662,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Deroy & Devereaux Private Investment Counsel Inc. grew its holdings in shares of Oracle by 1.2% in the fourth quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 194,319 shares of the enterprise software provider’s stock valued at $32,381,000 after acquiring an additional 2,367 shares in the last quarter. Q3 Asset Management purchased a new position in Oracle in the fourth quarter worth $2,734,000. Comprehensive Financial Consultants Institutional Inc. boosted its position in Oracle by 24.9% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 4,378 shares of the enterprise software provider’s stock worth $730,000 after purchasing an additional 872 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Oracle by 4.1% in the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 47,772 shares of the enterprise software provider’s stock valued at $7,961,000 after purchasing an additional 1,886 shares during the period. Finally, Capital Insight Partners LLC increased its position in shares of Oracle by 0.9% during the 4th quarter. Capital Insight Partners LLC now owns 39,113 shares of the enterprise software provider’s stock valued at $6,518,000 after purchasing an additional 352 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $169.91 on Friday. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $475.24 billion, a P/E ratio of 41.54, a PEG ratio of 3.19 and a beta of 1.06. The business’s 50-day moving average price is $171.89 and its two-hundred day moving average price is $163.26.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $1.34 earnings per share. As a group, equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. Oracle’s dividend payout ratio is presently 39.12%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research reports. Piper Sandler increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “overweight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

About Oracle

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.